Recent Price Movement and Volatility
The stock experienced a volatile trading session on 18-Mar, opening with a gap up of 4.76% and reaching an intraday high of ₹326.8, a 5.01% increase from the previous close. However, this optimism was short-lived as the price fell sharply to an intraday low of ₹287.3, marking a new 52-week low for the company. The wide intraday range of ₹39.5 and an intraday volatility of 6.43% underscore the unsettled market sentiment surrounding the stock.
Despite the initial positive momentum, the weighted average price indicates that a larger volume of shares traded closer to the lower end of the day’s range, signalling selling pressure. This dynamic contributed to the stock’s closing price well below its opening level, reinforcing the bearish s...
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